| Product Code: ETC7911620 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decline in the growth rate from 2023 to 2024, Latvia continues to import significantly from key trading partners such as Germany, Estonia, Italy, Poland, and Czechia. The moderate concentration of the Herfindahl-Hirschman Index (HHI) indicates a balanced market, fostering healthy competition among suppliers. The negative compound annual growth rate (CAGR) from 2020 to 2024 suggests a challenging period for import shipments in Latvia, possibly influenced by global economic fluctuations. Monitoring these trends closely will be crucial for stakeholders to adapt and strategize effectively in the evolving import landscape.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Forging Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Forging Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Forging Market - Industry Life Cycle |
3.4 Latvia Forging Market - Porter's Five Forces |
3.5 Latvia Forging Market Revenues & Volume Share, By Type Analysis, 2021 & 2031F |
4 Latvia Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Forging Market Trends |
6 Latvia Forging Market, By Types |
6.1 Latvia Forging Market, By Type Analysis |
6.1.1 Overview and Analysis |
6.1.2 Latvia Forging Market Revenues & Volume, By Type Analysis, 2021- 2031F |
6.1.3 Latvia Forging Market Revenues & Volume, By Closed Die, 2021- 2031F |
6.1.4 Latvia Forging Market Revenues & Volume, By Open Die, 2021- 2031F |
6.1.5 Latvia Forging Market Revenues & Volume, By Rolled Rings, 2021- 2031F |
7 Latvia Forging Market Import-Export Trade Statistics |
7.1 Latvia Forging Market Export to Major Countries |
7.2 Latvia Forging Market Imports from Major Countries |
8 Latvia Forging Market Key Performance Indicators |
9 Latvia Forging Market - Opportunity Assessment |
9.1 Latvia Forging Market Opportunity Assessment, By Type Analysis, 2021 & 2031F |
10 Latvia Forging Market - Competitive Landscape |
10.1 Latvia Forging Market Revenue Share, By Companies, 2024 |
10.2 Latvia Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here